BY SIMON MUNTEMBADEVELOPMENT Bank of Zambia (DBZ) managing director, Samuel Bwalya, has been arrested by the Anti-Corruption Commission (ACC) for alleged abuse of authority of office involving K780, 000.Mr Bwalya, 51, of House no. 28, Sugar Street in New Avondale, Lusaka, has been charged with 12 Counts of abuse of authority of office for allegedly having arbitrarily directed the payments of school fees for his children using public funds belonging to the bank.ACC spokesperson Queen Chibwe confirmed the arrest of Mr Bwalya to the Daily Nation in a statement yesterday.“Details of the offence are that on multiple occasions between May 1, 2020 and July 30, 2021, Bwalya, a public officer, namely, Managing Director for Development Bank of Zambia, did abuse the authority of his office in the manner he arbitrarily directed the payments of school fees for his children using public funds belonging to Development Bank of Zambia, an act prejudicial to the rights and interests of […]
ACC arrests DBZ MD for alleged abuse of authority
